27...NPV is the best tool to use for capital budgeting because:

	a.	It uses the IRR to discount cash flows as opposed to using the WACC. The IRR is a more appropriate discount rate.
	b.	It provides a direct measure of the value that the project adds to shareholder wealth and properly considers the Time Value of Money.
	c.	It can not handle non-normal cashflow streams.
	d.	NPV isn't the best tool to use for capital budgeting.

28...Some of the weaknesses of the Discounted Payback Period method of Capital Budgeting Analysis are (select all that apply):

	a.	Ignores the time value of money (TVM).
	b.	Ignores CFs occuring after the payback period.
	c.	There is no relationship between a given payback and investor wealth maximization.
	d.	It is easy to calculate and understand.